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Communications Services Up Amid Deal Activity -- Communications Services Roundup

June 10, 2024 at 10:30 pm

Communications services companies ticked up amid deal activity.

Former media executive Edgar Bronfman Jr., backed by investment firm Bain Capital, has expressed interest in buying National Amusements, the company that controls Paramount Global, marking yet another twist in the Paramount deal saga.

Larry Ellison-affiliated Skydance Media has agreed to buy a controlling interest in Paramount for $8 billion, negotiating with National Amusements head Shari Redstone.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

06-10-24 1729ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	PARAMOUNT GLOBAL	10.14 USD	+0.75%	-0.59%	7.01B

Larry Ellison

Lawrence Joseph Ellison is an entrepreneur who founded Oracle Corp., NetSuite, Inc., Tako Ventures LLC and Oracle Systems Corp. Currently, Mr. Ellison occupies the position of Chairman & Chief Technology Officer at Oracle Corp. Mr. Ellison is also on the board of Knowledge Universe, Inc., Tesla, Inc. and Dian Fossey Gorilla Fund International, Inc.

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ORACLE CORPORATION	Founder
Tako Ventures LLC Tako Ventures LLC Investment ManagersFinance Tako Ventures LLC (Tako Ventures) is a venture capital subsidiary of Lawrence Investments LLC founded in 1996 by Lawrence Joseph Ellison. The firm is headquartered in Walnut Creek, California.	Founder